Los Angeles, CA (PRWEB) April 28, 2014
Aeroscraft Corporation (Aeros), a leading FAA-certified lighter-than-air (LTA) manufacturer and technology innovator, today announced an agreement with Drexel Hamilton, a full-service institutional broker-dealer, to join its team of designated investment bankers to solicit institutional investors in its private placement of Convertible Preferred Stock. This offering will support capital requirements for an innovative cargo airship fleet set to deliver new opportunities for commercial and military logistics.
Aeros enjoys an established relationship with the U.S. Military, having received substantial funding from the Defense Advanced Research Projects Agency (DARPA) and the Department of Defense for contracts to demonstrate its internal buoyancy management technology, or Control of Static Heaviness (COSH), which permits the Aeroscraft to vertically lift heavy cargo while maintaining independence from infrastructure. As such, Aeros is particularly pleased to work with and support the mission of Drexel Hamilton as a Service Disabled Veteran Owned Broker-Dealer.
A full-service institutional Broker-Dealer, Drexel Hamilton was founded on the principle of offering meaningful employment opportunities to military and service-disabled veterans desiring a career in financial services.
“This is a great fit for Aeroscraft. We have great respect for the Drexel Hamilton team and for the service of their many veterans, and think that it is fabulous that they are creating jobs and opportunities on Wall Street for many veterans,” said Igor Pasternak, Founder and CEO of Aeroscraft Corporation.
“We look forward to assisting Aeroscraft in meeting its financial goals and are proud to work with a visionary entrepreneur such as Igor Pasternak as Aeroscraft seeks to revolutionize the transportation & logistics industry with its game-changing technology that enables point-to-point delivery capability around the world free from infrastructure requirements,” commented Roger Elsas, Managing Director for Capital Markets at Drexel Hamilton.
“Many of us at Drexel Hamilton have a clear understanding of the potential benefits the Aeroscraft can prospectively deliver to the US Military and to a wide range of commercial clients around the world,” added Jason Diamond, Managing Director and head of Investment Banking at Drexel Hamilton.
Drexel Hamilton will work with Rainmaker Securities, the Coordinator for Aeros' investment banking group on fleet supporting capital requirements for the Aeroscraft.
Aeroscraft is offering for sale shares of its Series A Convertible Preferred Stock pursuant to the offering memorandum which may be accessed through http://www.aeroscraft.com/investors. These securities may only be offered to accredited investors through the Company’s definitive offering memorandum and no other portion of this website should be deemed an offer to sell such securities. For more information about the offering and the risks of investing in these securities, you should review carefully the offering memorandum. This offering is not registered with the SEC or qualified with any state, and the securities may not be distributed or resold except pursuant to an applicable exemption from such registration and qualification requirements.
About Drexel Hamilton, LLC: Drexel Hamilton, LLC is a certified Service Disabled Veteran Owned and Managed Enterprise operating a full-service institutional broker-dealer. We partner finance industry veterans with service-disabled veterans to provide public and private institutions with industry leading Fixed Income Execution & Strategy, Equity Research & Execution, and Investment Banking Services. Learn more at http://www.drexelhamilton.com.
About Rainmaker Securities: Rainmaker Securities, LLC is a registered broker dealer, Member FINRA/SIPC 500 N Michigan, Suite 600, Chicago, IL 60611. Investment opportunities listed with Rainmaker Securities, LLC involve a high degree of risk, and are only suitable for "accredited investors" as defined by the U.S. Securities and Exchange Commission. All investors are encouraged to seek legal and other professional counsel prior to making any investments. Learn more at http://www.rainmakersecurities.com.
About the Aeroscraft: An Aeroscraft is a new type of rigid, variable-buoyancy lighter-than-air vehicle, designed to control lift in all stages of air or ground operations, including the ability to off-load heavy payloads without the need to re-ballast. For the first time in history, an aircraft has been designed to control and adjust buoyant and dynamic lift, creating a new paradigm for global air transportation and logistics. Poised to enhance the air transportation industry, the Aeroscraft will deliver opportunities for business and consumers globally through access to remote locations and by new vertical take-off and landing (VTOL) cargo delivery capabilities. The key features of the Aeroscraft include a rigid structure, vertical takeoff and landing, and operational abilities at low speed, in hover, and from unprepared surfaces.
The Aeroscraft Solution: The Aeroscraft vehicle is a vertical logistical solution to many of the difficulties facing the cargo world today, and is poised to disrupt the current hub-and-spoke distributional model characterized by intermodal cargo transfers and distribution delays. The benefits of the Aeroscraft are expected to be globally transformational and significant to humanity. The Aeroscraft fleet will introduce global point-to-point air cargo delivery services for oversized and overweight project cargos, as well as general cargo, with capability to deliver to virtually any topographical location. The network of globally positioned Aeroscraft vehicles will help take the chain out of the current supply providingAeros’ clients unlimited transcontinental reach.
About Aeros: Founded more than 25 years ago in the U.S., the Aeroscraft Corporation (Aeros) has grown from a small aerostat production manufacturer to a leading FAA-certified airship producer and R&D firm for the aerospace industry. Aeros has achieved multiple FAA airship type certificates and operates with an FAA Production Certificate, while featuring a product line that includes advanced airships and tethered aerostats utilized in commercial and government applications throughout the world. Learn more at http://www.aeroscraft.com.
Aeros has recently announced a private offering for investors to support fleet development capital requirements. This can offer investors an opportunity to participate in the aeroscraft’s development and proposed growth. Execution of this plan is not without risk, and the offering can only be made to accredited investors at this time. For more info about Aeros’ private offering, please visit http://www.aeroscraft.com/investors.